Nestled in a lush garden setting just two blocks from the water, this property offers an incredible investment opportunity in the charming, walkable Navy Point neighborhood. Comprising three fully furnished cottages, this established money-making property generates significant rental income, making it perfect for savvy investors looking to expand their portfolio. These three rental units are each equipped with kitchen areas and fully furnished, making them Airbnb-ready and highly desirable. With a prime location close to a public boat launch, scenic water views, and a 3-mile walking and biking path, it's no wonder guests are drawn to this tranquil retreat. In fact, this property generated significant rental revenue for 2024! The peaceful garden oasis, complete with a shaded oak tree, provides a serene outdoor space where guests can unwind under the cool shade or on the raised wooden deck of the main house. A refreshing outdoor garden shower is also available, ideal for rinsing off after a day spent boating or enjoying the nearby beach. Additional perks include a new shed offering ample storage space for guests, ensuring convenience and comfort during their stay. Situated just minutes from the front gate of NAS Pensacola and a short drive to downtown, this property offers easy access to both military personnel and tourists alike. Whether you're looking for a high-performing income property or a charming retreat in a walking community with proximity to water, this is the perfect opportunity for you!
For sale
$260,000
516 NW Syrcle Dr, Pensacola, FL 32507
4beds
680sqft
Est.:
MultiFamily
Built in 1945
-- sqft lot
$-- Zestimate®
$382/sqft
$-- HOA
What's special
Fully furnished cottagesRaised wooden deckShaded oak treePeaceful garden oasisScenic water viewsOutdoor garden showerLush garden setting
- 17 days
- on Zillow |
- 1,143 |
- 121 |
Zillow last checked: 7 hours ago
Listing updated: April 21, 2025 at 11:23am
Listed by:
Joshua Ward 850-377-6866,
KELLER WILLIAMS REALTY GULF COAST,
Rebekah Ward 850-501-1099,
KELLER WILLIAMS REALTY GULF COAST
Source: PAR,MLS#: 662220

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central, Wall/Window Unit(s)
Cooling
- Ceiling Fan(s), Multi Units, Central Air
Appliances
- Included: Electric Water Heater, Refrigerator
Features
- Flooring: Hardwood
- Windows: Double Pane Windows
- Has basement: No
Interior area
- Total structure area: 680
- Total interior livable area: 680 sqft
Property
Parking
- Parking features: Front Entrance, Guest
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
- Pool features: None
- Fencing: Back Yard
- Waterfront features: None
Lot
- Features: Central Access
Details
- Parcel number: 502s306090063004
- Zoning description: Res Multi
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Foundation: Off Grade, Slab
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1945
Utilities & green energy
- Electric: Circuit Breakers, Copper Wiring
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Features: Dock, Picnic Area
- Subdivision: Navy Point
Location
- Region: Pensacola
Financial & listing details
- Price per square foot: $382/sqft
- Price range: $260K - $260K
- Date on market: 4/9/2025
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